PFC : Breakout Candidate#pfc #breakoutstocks #VCPpattern #Flagpattern #Lowriskhighreward
PFC : Weekly (1-3 Months) Holding Period
>> Breakout Soon for New Rally
>> Flag Structure
>> VCP Pattern
>> Highly Trending Setup
>> Good Strength & Decent Volume
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and Keep Trailing for more
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Pfclevels
Simple Trade Setup | PFC | 16/05/22 [INTRADAY]NSE:PFC
I am posting this on request from one of the follower...
Observations:
1) On 1day time frame, it is near critical range which is 104-106. which was working as support in recent days and as well as in past year.
If it breakdown this range then we can see down move.
100 is psychological support level.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.